Dart Real Estate (DRE), a local developer in the Cayman Islands, has announced that it has purchased The Ritz-Carlton, Grand Cayman, adding to its expansive portfolio in the Cayman Islands.
This news comes on the heels of the announcement that DRE will open its first residential property, The Residences at Seafire, next month.
Neighboring The Kimpton Seafire Resort + Spa, Grand Cayman’s newest resort in over a decade, The Residences offers owners a resort-residential lifestyle, with access to the resort’s luxury amenities.
This is in addition to The Residences’ exclusive rooftop lounge, which offers views of the Caribbean Sea and the North Sound, and LEED Silver-certified sustainable features like electric car charging and a solar-powered energy supply.
DRE’s current portfolio also includes its flagship property, Camana Bay, a 675-acre mixed-use, master-planned town with shopping, dining and entertainment offerings. A new pedestrian overpass now connects Camana Bay to Seven Mile Beach.
DRE has acquired The Ritz-Carlton, Grand Cayman resort interests from Five Mile Capital Partners. While there is a change in ownership, a long-term management agreement with The Ritz-Carlton Hotel Company remains in place.
“The Ritz-Carlton, Grand Cayman has been the standard bearer for excellence in the region for more than a decade,” said Jackie Doak, Dart Real Estate president, in a written release. “We look forward to working with management on the preservation of the resort’s legacy, enabling the Cayman Islands to retain its position as a preferred luxury Caribbean destination for visitors and investors alike.”
The Ritz-Carlton, Grand Cayman offers 375 guest rooms on 144 acres of beachfront, set along Seven Mile Beach. Travel Agent was recently lucky enough to take a tour of what representatives of The Ritz-Carlton, Grand Cayman are calling “the largest and most elaborate luxury hotel suite ever to open in the Caribbean.”
Located on the Cayman Islands’ famous Seven Mile Beach, the Ritz-Carlton, Grand Cayman recently made a big splash by unveiling a new, uber swanky Penthouse Suite that we were told ranges from $18,000 and $25,000 a night.
With more than 19,000 square feet of indoor and outdoor living space, Travel Agent recommends pitching this room to multigenerational families and couples traveling with other couples.
The Penthouse welcomes clients via a private elevator. The Penthouse offers a full kitchen and regal dining room area, a private library, as well as an expansive, wrap-around outdoor terrace with some beautiful views of the beach. One of Travel Agent’s favorite features of the room, however, was the room’s own private cinema.
Signature luxury amenities that accompany the Penthouse experience include a private beachfront cabana, hand-selected cinema and entertainment options based on the clients’ interests and preferences, dining options from the hotel’s culinary team and wine selections hand-picked by the resort’s Sommelier.